European Stocks Head for Mixed Open as Global Markets Are Rattled by Central Banks

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European stocks are expected to open in mixed territory on Tuesday after sharp declines in global markets on Monday.

Against this backdrop, the U.S. Federal Reserve is central to market action this week, with Fed officials meeting on Tuesday and Wednesday to discuss their next monetary policy move.

The Federal Open Market Committee is widely expected to announce at least a 50-basis-point hike on Wednesday, having already raised rates twice this year, though market bets for a 75-basis-point hike have risen in light of Friday's inflation reading.

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